Kaba has chosen Vittorio Veneto to discuss finance and growth

VITTORIO VENETO, 13.11.2013

VITTORIO VENETO - Silca S.p.A. was chosen by Swiss multinational Kaba to host one of the most important events of the year: the meeting with financial analysts, who have the task to assess listed companies’ results and growth plans. In this occasion Riet Cadonau, CEO of the Kaba Group, announced the goal to reach an organic growth of 5 to 6 per cent in the next three years with an EBITDA margin of 18 per cent (financial year 2015/2016). He also presented the Group’s plans to invest in products and innovation.For ten years, Silca S.p.A. has been part of the Swiss multinational Kaba, listed in the Zurich Stock Exchange, and represents a worldwide recognized brand in the key duplication business within the Key Systems Division.

During the two-day visit, the Division’s COO Stefano Zocca explained to his guests Key Systems Division’s strategies. The guests were also able to visit Silca S.p.A. plant and test products and innovative solutions accompanied by the employees, who presented the latest projects developed by the company and meant to be launched in the near future.“I am very proud that Silca and Kaba’s Key Systems Division, which I represent, have been chosen among the other Group’s Divisions to host such an important meeting – said Stefano Zocca – it is a tangible evidence that our strategic choices have given us the right to represent Kaba, despite the difficult economic environment. We have also had the chance to bring a qualified and international audience such as that of financial analysts and investors in our factory”.

Kaba’s Key Systems Division is worldwide leader in key blanks manufacturing (with an yearly production of over 600m keys), transponder devices and transponder keys for the automotive industry, and mechanical and electronic key cutting machines for key cutters and industries. The Key Systems Division counts 1.300 employees (of the 7.500 of the Kaba Group), operating in the US, in Colombia, Italy and India. Distributing its products in more than 130 countries worldwide, the Division headed by Zocca has reached a turnover of 186,2m CHF in the financial year 2012/2013 (19 per cent of the Group’s overall turnover) with a significant EBITDA of 15 per cent.